tax credit: FIRST-TIME PURCHASERS GET A TAX CREDIT
- 03/14/09 11:03 PM
FIRST-TIME PURCHASERS GET A TAX CREDIT WINDFALL IF THEY BUY BEFORE DECEMBER.
By Les Christie, CNNMoney.com staff writer Feb 17th, 2009 NEW YORK (CNNMoney.com)
There's a nice windfall for some homebuyers in the economic stimulus bill signed into law this week by President Obama. First-time buyers can claim a credit worth $8,000 - or 10% of the home's value, whichever is less - on their 2008 or 2009 taxes. A big plus is that the credit is refundable, meaning tax filers see a refund of the full $8,000 even if their total tax bill - the amount of witholding they (0 comments)

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